Minefield of Applying for a Loan ; Personal Finance

Summary


Four out of ten people applying for a personal loan have their application rejected within 48 hours.

A study of nearly 3,000 applicants carried out by financial website moneysupermarket.com found that just 25 per cent of people had their application accepted 48 hours later.

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Extract


Minefield of Applying for a Loan ; Personal Finance

A further 35 per cent of people were still waiting for a decision...

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